Middle East

    Low Oil Price Dents Gulf Economies as Riyadh Seeks $8B Loani
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    March 16, 2016 4:39 AM
    Saudi Arabia is reported to be seeking a multibillion-dollar bank loan to shore up its finances as plunging world oil prices take their toll on the economy. But Saudi Arabia is not the only Gulf oil producer in trouble; others in the region are in a far more precarious position. More from Henry Ridgwell.

    Low Oil Price Dents Gulf Economies as Riyadh Seeks $8B Loan

    Published March 16, 2016

    Saudi Arabia is reported to be seeking a multibillion-dollar bank loan to shore up its finances as plunging world oil prices take their toll on the economy. But Saudi Arabia is not the only Gulf oil producer in trouble; others in the region are in a far more precarious position. More from Henry Ridgwell.


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